TIDMMTR 
 
 

25 February 2021

 

Metal Tiger Plc

 

("Metal Tiger" or the "Company")

 

Investment into Palladium One

 

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 340,000 units in Palladium One Mining Inc. ("Palladium One") (TSXV:PDM) at a price of C$0.29 per unit, for a total investment of approximately C$99,000 (approximately GBP56,000), as part of Palladium One's C$15 million fundraise (the "Fundraise") announced on 24 February 2021. Each unit consists of one common share in Palladium One and one-half of one common share purchase warrant (each whole warrant, a "Warrant") exerciseable at a price of C$0.45 any time prior to 24 February 2023. Metal Tiger is now interested in 340,000 shares in Palladium One and 170,000 Warrants.

 

Palladium One is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Lantinen Kollismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland.

 

For the nine months ended 30 September 2020, Palladium One reported a net loss of approximately C$3 million and, as at 30 September 2020, reported net assets approximately C$2 million.

 

For further information on the Company, visit: www.metaltigerplc.com:

 

Enquiries:

 
Michael McNeilly     (Chief Executive Officer)        Tel: +44 (0)20 7099 0738 
 Mark Potter          (Chief Investment Officer) 
James Dance          Strand Hanson Limited            Tel +44 (0)20 7409 3494 
 Jack Botros         (Nominated Adviser) 
 Georgia Langoulant 
Paul Shackleton      Arden Partners plc (Broker)      Tel: +44 (0)20 7614 5900 
 Steve Douglas 
Gordon Poole         Camarco (Financial PR)           Tel: +44 (0)20 3757 4980 
 James Crothers 
 Hugo Liddy 
 

Notes to Editors:

 

Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

 

The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Equity Investments and Project Investments.

 

Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.

 

Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.

 

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210225005680/en/

 
    CONTACT: 

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2021 
 

(END) Dow Jones Newswires

February 25, 2021 09:07 ET (14:07 GMT)